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05-13-2003, 06:32 PM | #1 | |
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Anything into oil
Has this been discussed? The search is not functioning so I don't know.
If this is effective, why don't we have one in every city? Garbage to oil Quote:
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05-13-2003, 07:46 PM | #2 |
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I'm not sure. This was the thread from April ...
http://www.iidb.org/vbb/showthread.p...threadid=51594 |
05-13-2003, 07:53 PM | #4 |
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Thanks guys
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05-13-2003, 08:20 PM | #5 |
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I haven't read the other thread yet, but crude oil is about $25 a barrel or $0.60 a gallon. A pretty tough feedstock to compete with.
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05-13-2003, 08:27 PM | #6 | ||
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Quote:
As such, he may be saying that in 3 – 5 years it may approach cost effectiveness to current production methods possibly yet without the capital costs. It’s really hard to know without understanding what he’s based these costs on. For a process which is supposedly energy neutral or even positive, what makes up the $15 per barrel cost ? This seems quite high given the raw material is essentially free and to me something smells funny although it might just be the turkey guts. I may be wrong about the capital costs not being factored in, however venture capital entrepreneurs in my experience are more prone to paint the best picture they possibly can, often at the expense of full economic transparency. Unfortunately it has all the markings of a sales pitch with little of the fine print. The Philadelphia plant offers more details … Quote:
200 tons per day = approx 300,000 litres of raw material per day @ 365 days / year = 10^8 litres per annum @ 150 litres per barrel = 730,000 barrels per annum @ 20% conversion efficiency to oil = 146,000 barrels per annum @ $15 per barrel = $2.2 million per annum Now, given that this is still independent of operating costs, the capital alone, has a 10 year payback time. Not real good I’m afraid. Unless I’ve badly goofed those numbers, it doesn’t look promising as a serious contender in the near future. |
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05-13-2003, 08:32 PM | #7 |
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Even if I use Coragyps's $25 per barrel cost, the payback still runs at more than 5 years and still doesn't account for processing costs which Appel hints may be high.
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05-14-2003, 07:28 AM | #8 |
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cooking oil
producing a product to power cars from used cooking oil has been around for about ten years. the only problem is that the exhaust fumes smell like fish and chips.
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